First and foremost, Happy Holidays and Merry Christmas Week to
Enjoy the family time, but do not forget the market is only
closed one day (Wednesday) and money is always on the move.
ETF Outlook for the Week of December 23, 2013:
RevenueShares Large Cap ETF (NYSE:
The ETF that concentrates on the large cap asset class and
allocates its portfolio based on revenue hit a new all-time high
last week. The news this past weekend out of the International
Monetary Fund (
) about the U.S. economy picking up as the business climate
becomes more certain in 2014 should only help the ETF's
performance. A stronger U.S. economy will be linked to increasing
revenue for corporations and the large cap names will be among
iShares Dow Jones U.S. Home Construction ETF (NYSE:
New home sales come out Tuesday morning and the numbers are
expected to remain robust as the housing market continues to
rebound. ITB is in an interesting spot, the ETF closed out last
week at the best level in several month.
Barron's Recap - Bad, Bad Wolf
The ETF is facing tough resistance at the $23.75, where it
failed to breakthrough three prior times since July. If ITB can
close above $24.00 this week it would be a major breakout and
should be enough to send the ETF to the next resistance level at
iShares MSCI Thailand Investable Market ETF (NYSE:
The protests in Thailand continue as the people push for the
Prime Minister to step down from his office. The unrest in the
country even spread around the globe as Thai citizens set up mini
protests against the current PM. The country's stock market has
not reacted well to the protests and THD is currently hitting a
multi-month low. For the year, THD is down 16 percent and until
the country and entire region begins to stabilize the risk of
investing in THD is too high.
SPDR S&P Retail ETF (NYSE:
The consumer confidence numbers come out Monday morning and
will be a good indicator as to the health of the holiday shopper.
So far the retail stocks have lagged the overall market during
the holiday season, but a recent rally off support has XRT
looking strong. Of the several retail ETFs, XRT is the most
diverse and the best ETF to gain exposure to the overall retail
sector. After hitting support last week at $85, the ETF has been
rallying and it could have its eyes set on the all-time high near
$89 in the coming week.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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